C713 business law - Study guides, Class notes & Summaries

Which kind of law is made when an appellate court endorses a rule to be used in deciding court cases? Common Law Which kind of law is based on the customs of a group? Common Law Which kind of law is enacted by state or federal legislatures? Statutory Law Which type of law is used when the Federal Communications Commission publishes a regulation on cigarette advertising on television? Administrative Law A hair stylist and client disagree over whether the stylist pr...

Negligence Failure to exercise appropriate and or ethically ruled care expected to be exercised among specific circumstances. *Duty of Care, breach, proximate cause, and damages must be established in negligence case *court will typically compare the actions of the defendant to a "reasonable person" Mailbox Rule Acceptance is affected upon sending out the letter, not receiving it. Trespass to Land When someone enters onto, above, or below the surface of land owned by som...

WGU C713 Business Law Questions and Answers 100% Solved common law refers to? law made when judges decide cases and then follow those decisions in later cases three branches of government in the US are? the executive, legislative, judicial when the food and drug adminstration prohibits a certain drug from being marketed in the US this is? an agency regulation statutory law is to legislative bodies as common law to? courts if in 1900 the Minnesota supreme court ruled that a minor can void a c...

precedent - the tendency to decide current rulings based on previous cases, only binding in lower courts common law - judge made law, often created through many precedents judicial power - gives the right to interpret laws and determine their validity statutes - legislature to become a law laws - bill (congress), simple majority in house and senate -> president (veto power) -> 2/3 in house and senate -> statute injunction - order to stop doing something true - most government ag...

What purpose does the law serve in our society? -To resolve conflicts in our society without the ise of volence. What are the three branches of government? - Executive, Legislative, and Judicial What is Statutory Law? - Law that is created by a legislative body, known as congress, at the federal Level. What is common Law? -Is Judge-Made Law. It is law that comes from previous Judge rulings in similar cases. What is administrative Law? - A branch of law that governs the creation and operat...

What is the principal source of stare decisis and precedent? A) Constitutional Law B) Administrative Law C) Statutory Law D) Common Law Common Law A rent-to-own store offered for sale a sofa that was manufactured in a foreign county. The store intentionally represented that the sofa was made from leather, but in reality it was made from vinyl. A consumer used a credit card to purchase the sofa and hopes the Federal Trade Commission regulations can help resolve the dispute. How w...

1.1 The doctrine of precedent is beneficial because it ensures predictability in the court system 1.1 The system of government used by the Iroquois Native Americans and the League of the Iroquois was the inspiration for our government by providing an example of a(n): A two level government, each with its own specific powers. 1.1 Mediation, a form of dispute resolution, has its roots in the laws of England...In the tenth century, England was divided into shires, and the day-to-da...

Define and describe "negotiation." negotiation is the transfer of an instrument in such form that the transferee becomes a holder requires both delivery and indorsement What are the two methods of negotiation? order instrument or a bearer instrument. Order Instrument contains the name of a payee capable of indorsing, as in "Pay to the order of Jamie Fowler. Bearer Instrument negotiated by delivery—that is, by transfer into another person's possession. Indorsement is not n...